Hyperliquid 暫停 OpenAI、Anthropic 永續合約，Ventuals 收攤

OpenAI and Anthropic perpetual contracts on Hyperliquid halted and settled, with backer Ventuals announcing it is closing up shop and joining another project. The team generated over $650 million in trading volume during execution, and the RWA perpetual contract market is accelerating consolidation.
(Background: a whale shorted $52 million worth of BTC! Became Hyperliquid’s largest short position, with a liquidation price of 69909)
(Additional background: CoinGecko released its 2026 Q1 crypto industry report: Bitcoin plunges 22% and badly underperforms oil; Perp DEX trading volume surges; USDT shrinks unusually)

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• Ventuals’ achievements
• Consolidation trend in the HIP-3 market
• RWA perpetual contracts grow against the trend

The OpenAI and Anthropic markets on the perpetual futures trading platform Hyperliquid were halted and settled this Monday, with Ventuals—the backer behind them—announcing the end of operations and the team set to join another project in the Hyperliquid ecosystem.

Ventuals is one of the third-party teams building a perpetual contracts market through Hyperliquid’s HIP-3 framework, aiming to let traders place valuation bets on AI companies that have not yet been listed on-chain.

Ventuals’ achievements

During its execution period, Ventuals accumulated solid results:

• Total trading volume across the two main markets for OpenAI and Anthropic exceeded $650 million
• Drew community support from more than 500,000 HYPE
• Launched contracts via the HIP-3 framework—the mechanism Hyperliquid uses to allow third parties to create and manage perpetual markets

All open positions in OpenAI and Anthropic have been automatically settled, and other markets will gradually close over the next few days as well.

Consolidation trend in the HIP-3 market

Ventuals closing up shop highlights the consolidation trend in the RWA perpetual contract market on Hyperliquid. At present, TradeXYZ has become the dominant player in this category, accounting for nearly 97% of HIP-3 trading volume.

TradeXYZ’s contracts cover companies such as SpaceX. Before SpaceX’s public offering, its SpaceX market successfully predicted the IPO’s first-day stock price surge to over $135.

RWA perpetual contracts grow against the trend

According to DefiLlama data, Hyperliquid handled approximately $234 billion in perpetual futures trading volume over the past month. While the overall trading volume across crypto exchanges in May fell 3.45% to $4.41 trillion—the lowest since September 2024—RWA perpetual futures trading volume rose 10.4% against the trend, reaching an all-time high.

This shows that crypto-native trading venues are continuously expanding from digital-asset platforms into traditional Wall Street markets. Traders can now speculate on valuation changes of commodities, stocks, and private companies through perpetual futures on the blockchain.